What is a Project Portfolio?
What is a project Portfolio?
A project portfolio is a collection of projects and programs managed together to achieve some business objectives. It includes all the projects and programs that a company is working on whether they are directly related or not.
The main goal of the project portfolio is to ensure that an organization's resources are allocated effectively to get the maximum value. In order to manage a project portfolio, organizations need to prioritize the projects and programs based on their potential benefits costs an alignment with the organization's strategic vision.
It also includes balancing resources, managing risks, and ensuring that all projects and programs contribute to the overall success of the organization.
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